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Friday 3 January 2014

Buy S&P 500 @ 1836- win at higher risk

ISM Manufacturing PMI only slightly better than expected & worse than previous
S&P 500 new possible support @ 1836 although slightly broken

High risk:
Buy S&P 500 @ 1836 or S&P Futures @ 1830 if it stays above & goes higher, for 30 minutes expiration

Results: Buy S&P 500 @ 1836- win at higher risk
S&P 500 stayed above 1836 to expire @ 1837.37 at 11am EST but also dropped below later, stop trading when it did not met our condition to stay above 1836

Not quite safe to trade today as S&P 500 dropped from 1848.36 last closing price to 1831.98 today, which is too low yet still no strong supports found as all possible supports & even 1830 were broken


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